Grab Holdings Limited $GRAB Shares Sold by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership lowered its stake in Grab Holdings Limited (NASDAQ:GRAB) by 33.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 26,637,704 shares of the company’s stock after selling 13,207,714 shares during the quarter. Artisan Partners Limited Partnership owned 0.66% of Grab worth $160,359,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. AlphaCore Capital LLC purchased a new position in Grab during the second quarter valued at $33,000. Prospera Financial Services Inc acquired a new position in shares of Grab during the 2nd quarter worth about $50,000. Abound Financial LLC purchased a new position in Grab in the 3rd quarter valued at about $60,000. BSW Wealth Partners purchased a new position in Grab in the 3rd quarter valued at about $61,000. Finally, Savant Capital LLC acquired a new stake in Grab in the 2nd quarter worth about $51,000. Hedge funds and other institutional investors own 55.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on GRAB shares. Barclays increased their target price on Grab from $6.50 to $7.00 and gave the company an “overweight” rating in a report on Tuesday, November 11th. Sanford C. Bernstein reissued an “outperform” rating and issued a $5.80 price objective on shares of Grab in a research note on Monday, January 26th. Weiss Ratings restated a “hold (c-)” rating on shares of Grab in a report on Thursday, January 22nd. HSBC raised shares of Grab from a “hold” rating to a “buy” rating and set a $6.20 target price for the company in a report on Friday, January 16th. Finally, Wall Street Zen raised shares of Grab from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $6.47.

Grab Trading Up 2.4%

Shares of Grab stock opened at $4.31 on Friday. The stock has a 50 day moving average of $4.60 and a 200 day moving average of $5.21. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.73 and a current ratio of 1.75. The firm has a market capitalization of $17.36 billion, a price-to-earnings ratio of 143.71, a PEG ratio of 0.95 and a beta of 0.92. Grab Holdings Limited has a fifty-two week low of $3.36 and a fifty-two week high of $6.62.

Grab (NASDAQ:GRAB) last posted its earnings results on Wednesday, February 11th. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. The company had revenue of $906.00 million for the quarter, compared to the consensus estimate of $942.08 million. Grab had a return on equity of 4.09% and a net margin of 7.92%. As a group, research analysts predict that Grab Holdings Limited will post 0.05 earnings per share for the current year.

Grab Company Profile

Grab Holdings Inc is a Singapore-based technology company that operates a consumer-facing “super app” across Southeast Asia offering services spanning ride-hailing, food and package delivery, and digital payments. Its platform connects consumers, drivers, merchants and delivery partners through mobile applications and supports on-demand mobility (taxi and private car), last-mile logistics, and on-demand food delivery under brands such as GrabFood and GrabExpress. The company has also developed a merchant-facing ecosystem that supports ordering, payment acceptance and loyalty functions.

Beyond transportation and delivery, Grab has expanded into financial services through Grab Financial Group, which provides digital payments via GrabPay, consumer lending, insurance distribution and small-business financial solutions.